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Robert Hernreich
American businessman From Wikipedia, the free encyclopedia
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Robert Eastman Hernreich (born 1945)[1][2][3][4][5] is an American businessman, professional sports team owner, and philanthropist.
 | This article reads like a press release or a news article and may be largely based on routine coverage. (June 2022) |
Hernreich is currently part-owner and club director of Swansea City, the Championship League soccer team based in Swansea, Wales,[6] as well as part-owner of Washington DC's DC United soccer club.[7] He is Chairman of the Board of Remonov + CO,[8] a real estate development firm in the Vail Valley of Colorado.
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Early life and education
Hernreich was born in Arkansas to parents George Terry Hernreich: a local radio station and television station owner and Mary Jane Proulx. Hernreich also had a sister named Cindy.[1][3][5][9] Hernreich grew up in Fort Smith, Arkansas and graduated with a BA from Washington University in St. Louis and an MBA from Washington University's Olin Business School in 1967. Hernreich was a member of the Phi Delta Theta fraternity and Omicron Delta Kappa honor society.[1]
He was drafted into the Army during the Vietnam War, but was not deployed overseas.[10]
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Business career
Hernreich established KAIT 8 in Jonesboro, Arkansas in 1963 with his father. After growing and acquiring a number of related media outlets throughout NW Arkansas, Hernreich sold his media group, Sigma Broadcasting, to Channel Communications in 1984 and Hearst-Argyle in 1995. At the time, Sigma was the largest media company in the state.[11]
From 1991 to 1993 Hernreich served as chairman of United States Repeating Arms, maker of Winchester rifles.[12] He is also a past director of Ride Snowboards, K2 Inc.[13] and the Miss America Organization[14]
In 1994, Hernreich founded Remonov and began developing real estate in Colorado's Vail Valley.
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Sports ownership
Source[15]
As part of a new ownership group led by the Maloof family, Hernreich bought a 12% stake in the Sacramento Kings in 1999.[16] In 2013, Microsoft’s Steve Balmer and hedge fund manager Chris Hansen tried to buy the Kings and move them to Seattle,[17] but bowing to local pressure, Hernreich and the Maloofs instead sold the Kings to investors led by Vivek Ranadive for a record price, then the highest ever for an NBA franchise.[18] As a result of that sale, the team stayed in Sacramento.
As part of his Kings ownership, Hernreich was also part owner of the WNBA's Sacramento Monarchs.[18]
In 2005, Hernreich purchased the Arizona Rattlers of the Arena Football League.[19] He sold the team in 2008.
In 2010, Hernreich bought an undisclosed stake in the Texas Rangers as part of a group led by pitcher Nolan Ryan and lawyer Chuck Greenberg.[20]
Civic life and philanthropy
Hernreich has served on the board of directors of the Vail Valley Foundation (VVF), Beaver Creek’s Vilar Center for the Arts[21] and the Eagle Valley Land Trust. He was past chairman of the Colorado Board of Parks and Outdoor Recreation.[12]
He was a founding board member of SOS Outreach (serving at-risk youth) and the Vail Youth Foundation. He served as the Administration Chairman for the 1999 World Alpine Championships in Vail.[12] Hernreich is a member of the VVF Millennium Club, a small group who have contributed in their lifetimes more than $1 million to the VVF.[22]
He has served as Trustee of his alma mater, Washington University in St. Louis, MO for 30 years.[23]
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Personal life
Hernreich married to Nancy Virginia McAvoy in September 1968.[1][2][3] The couple divorced at some point before 2001.[24][25]
Legal Issues
On December 21, 2007, Hernreich was arrested in Eagle County, Colorado and booked for misdemeanor charges of "domestic violence, harassment, and second-degree criminal trespass".[4]
References
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